11.4mn people qualify for government welfare. They can get the welfare card from September 21 onwards. The policy will be effective on 1 October. (Thai Rath, 14/9/17) Fitch cagey on sovereign. Thailand’s subpar economic growth is the main obstacle to the country’s sovereign rating improving, says Fitch Ratings. It is quite difficult for Thailand’s longterm […]

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That sudden rush of foreign buying seems to have woken up the animal spirits in Thailand with the market posting some strong numbers in the past 2 weeks. Will the fact that earnings have been weak and will likely continue to be weak for most sectors bring the market back down to earth?

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SRT finished auctions of dual-track railway, consisting of five lines and nine contracts. It will send the winning bids to the board and expects contracts to be signed within September. UNIQ got two contracts worth Bt18.7bn. ITD got three contracts worth Bt22.7bn. STEC got two contracts worth Bt13.5bn. (Khao Hoon, 8/9/17) ILINK and ITD to […]

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Ministry of Transportation to sign contracts for dual-track projects. Contracts for the Nakornpathom – Huahin and Huahin – Prachuab dual-track projects together worth Bt23.3bn will be signed in September or October. (IQ Biz. 28/8/17) MALEE and TIPCO will be exempted from sugar tax since their products are based on fruit and are seen as healthy […]

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Thai July exports up 10.5 pct y/y, below forecast. Thailand’s customs-cleared annual exports rose for a fifth straight month in July, but fell short of expectations, as demand from major markets increased. Exports, a key driver of Thailand’s growth, rose 10.5 percent in July from a year earlier after June’s 11.7 percent rise, commerce ministry […]

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So I’ve gone through as many listed company results as possible over the past few weeks and not just Thailand but most of ASEAN, given that I do only comment on Thai related companies here, comments will remain Thai specific. Without a doubt Thailand had the worst performance amongst all the countries in the region […]

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VAT rate kept at time-honoured 7% to help recovery. The cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery. (Bangkok Post, 15/8/2017) Thai–Chinese railways could be signed soon. The Ministry of Transport is going to propose the construction structure of the […]

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